Featured Post from Cedarville University

Are Trump's Economic Reforms Obsolete After Biden Administration

Jan 13, 2025

2 min

President-elect Donald Trump campaigns were filled with promises of economic reform including strict import tariffs, strict immigration curbs, and deregulation. However, reports reveal the current economic state of the US may not be needing the president's aggressive reform. Trends reflect a strong economy with low unemployment rate; prompting concerns that Trumps policies could disrupt the economic growth. Trump will be taking office next week with a much different economic circumstances compared to his first term in 2017. Does the economic changes since Trump's first term make his reforms obsolete or even dangerous?

Economics expert, Dr. Jared Pincin weighs in on the discussion of the economy during the Biden administration in a recent interview.

There has been an increase of individuals getting second jobs or "side hustles" especially in the Gen Z generation. As the need for an extra income source increased the unemployment rate has decreased. Are the lowered unemployment rates just a reflection of an economy that won't allow citizens to live on one paycheck?
Although the economy that Trump will be inheriting show positive changes since his first term in 2017, there are concerns that can not be ignored. Trumps expansionary policies can incite inflation if the economy is not calling for his aggressive reforms. How will Trump's administration reap the benefits of the Biden administration while preventing an economic crisis?
The economy appears to be performing well, especially over the past year. These reports come in during Trump's promises of reform. Are these reforms going to strengthen the economy or are they proof of Trumps disconnect with the current economic health?

If you are covering the the U.S. economy during the Trump administration and need to know more, let us help with your questions and stories.

Dr. Jared Pincin is an expert on economics and is available to speak to media regarding the Trump administration and the economy – simply click on his icon or email mweinstein@cedarville.edu to arrange an interview.

Jeff Haymond, Ph.D. is Dean, Robert W. Plaster School of Business Administration and a Professor of Economics at Cedarville and is an expert in finance and trade. Dr. Haymond is available to speak with media regarding this topic – simply click on his icon to arrange an interview.

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Jared Pincin

Associate Professor of Economics

Dr. Jared Pincin is a nationally respected expert on economic issues facing the United States of America

Economics and EducationEconomicsEconomics and Behaviour

Jeff Haymond, Ph.D.

Dean, School of Business Administration/Associate Professor

Research interests include economics and religion, as well as monetary theory

Financial Markets (General)Federal Trade Reserve PolicyFree TradeMinimum Wage / UnemploymentGovernment Regulation

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Oct 14, 2026

1 min

Supreme Court Expansion Debate Raises Questions About Judicial Independence

Should the Supreme Court remain at nine justices, or would a larger bench strengthen the nation’s highest court? That question is drawing renewed attention after a Republican-backed constitutional amendment to permanently limit the court to nine seats failed in the House in September. Democratic proposals include expanding the court to 13 justices, while supporters and opponents disagree over whether changing its size would improve its credibility or deepen political divisions. Although nine justices may seem like a constitutional requirement, Congress determines the court’s size. Its membership changed several times before settling at nine in 1869. Legislation introduced by Rep. Al Green would increase that number to 13, reopening a debate over how much influence elected officials should have over the structure of the judiciary. Supporters see expansion as a way to restore balance and bring additional perspectives to the bench. Critics worry that adding seats to secure favorable rulings could encourage future majorities to pursue similar changes. The broader issue is how to preserve public confidence in an institution designed to exercise independent judgment. The Constitution’s protections for federal judges, including service during good behavior and protection against salary reductions, are intended to shield them from partisan pressure. Changing the court’s membership would create new opportunities for presidential appointments, with consequences that could extend well beyond a single administration. As the debate continues, Americans face a consequential question: What reforms would strengthen accountability while preserving the Supreme Court’s ability to interpret the law independently?

Oct 12, 2026

1 min

Inflation and Interest Rates Put Household Budgets and Business Plans Under Pressure

For American families, inflation is felt in everyday decisions: what to buy at the grocery store, how much to spend on gas and whether a major purchase can wait. This week’s Consumer Price Index report will bring those pressures into focus as the Federal Reserve considers its next interest-rate decision. Some officials have signaled that another increase could wait until December, but stronger inflation data could strengthen the case for action at the October 27–28 meeting. The stakes extend beyond the price of everyday necessities. Higher interest rates can make credit card balances and new auto loans more expensive, adding pressure to households already managing rising living costs. Homebuyers also face difficult affordability decisions, with the average 30-year fixed mortgage rate reaching 7.40% last week. Mortgage rates respond to bond markets and inflation expectations as well as monetary policy, meaning uncertainty can affect buyers even before the Fed acts. Businesses face a similar calculation. When financing becomes more expensive, purchasing equipment, expanding operations or hiring additional employees can become harder to justify. Rising operating costs can also force companies to choose between raising prices and accepting smaller profit margins. For policymakers, the challenge is to bring inflation under control while preserving employment and economic growth. This week’s report will offer another signal about that balance—and help shape the financial decisions families and businesses make in the months ahead.

Oct 9, 2026

1 min

Slowing Job Growth Raises Questions About the Economy’s Momentum

The U.S. economy added just 29,000 jobs in September, while unemployment edged up to 4.2%, raising concerns about the strength of the labor market. Downward revisions to July and August’s employment figures further weakened the picture, suggesting hiring had been less robust than previously reported. For workers seeking their first job or a new opportunity, the slowdown adds uncertainty to an already challenging economic environment. The report also complicates the Federal Reserve’s next interest-rate decision. Weaker hiring reduced expectations for another rate increase this month, as policymakers weigh inflation concerns against the risk of slowing the economy further. Higher borrowing costs can make business expansion more expensive and discourage spending on homes, vehicles and other major purchases. A softer labor market gives the Fed another reason to consider how much financial pressure households and employers can absorb. September’s figures do not establish that a recession is underway: unemployment has remained between 4.1% and 4.3% since March, and employers are still adding jobs. Nevertheless, the report raises a broader question about whether the economy can sustain growth while hiring remains subdued. The coming months will help reveal whether September represented a temporary slowdown or a more persistent loss of momentum—with consequences for household confidence, business investment and monetary policy.

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